In Financial Year 2026 (FY26)*, Inter IKEA Group sharpened its focus on what matters most to customers: a relevant home furnishing range, low prices and a great customer experience.
Today, we published the Inter IKEA Group Annual Report for FY26. For the first time, our financial and sustainability reporting came together in one report, moving us into alignment with the EU Corporate Sustainability Reporting Directive (CSRD). This shift also shapes how we report on climate action.
In FY26, the Inter IKEA Group tax charge was EUR 382 million – equal to 21.4% of pre-tax income – compared to EUR 415 million (21.3%) in FY25. The effective tax rate increased by 0.1% points compared to FY25.
Our effective tax rate is primarily driven by the tax rates in the jurisdictions where the majority of our business is conducted, i.e. the Netherlands, Sweden and Switzerland, and the financial performance of the Inter IKEA Group companies in these jurisdictions.
As of FY25 Inter IKEA Group is subject to the minimum tax rate of 15% for each of the jurisdictions where it operates. However, this has not had a big impact as Inter IKEA Group was already subject to a tax rate higher than 15% in most countries.
The points described above can also be seen in the chart below which reconciles Inter IKEA Group’s effective tax rate for FY26 with the Dutch corporate tax rate (25.8%).
| Result before tax (as reported for FY26) | 1,782 | Percentage |
|---|---|---|
| Tax expense if the nominal tax rate in the Netherlands (25.8%) had been applicable | 460 | 25.8% |
| Tax effect of: | ||
| Other applicable tax rates abroad | -109 | -6.1% |
| Exempt income | -3 | -0.2% |
| Non-deductible expenses | 4 | 0.2% |
| (De)recognition of tax losses | -2 | -0.1% |
| Adjustment for prior periods | 2 | 0.1% |
| Non-reclaimable withholding tax | 10 | 0.5% |
| Pillar 2 | 8 | 0.4% |
| Other | 12 | 0.7% |
| Tax expense (as reported for FY26) | 382 | 21.4% |